TABLE OF CONTENT
A. GS1 Related GEOGRAPHY 1. IMD predicts more rain this monsoon B. GS2 Related POLITY 1. As July 1 nears, GST interface not ready 2. Child-friendly HIV drug gets govt. nod C. GS3 Related ECONOMY 1. Centre notifies rules on capital gains tax D. GS4 Related E. Concepts-in-News: Related Concepts to Revise/Learn F. Bills/Acts/Schemes/Orgs in News G. Practice Questions for UPSC Prelims Exam
UPSC Current Affairs 2017: News Analysis
A. GS1 Related
- Indian Meteorological Department prediction of rain this year: ‘normal’ and around 98% of the Long Period Average (LPA).
- Rains in July and August, the most important monsoon months for the kharif crops, would be 96% and 99% respectively.
El Nino is weaker than anticipated:
- The El Nino — characterised by surface waters of the equatorial Pacific warming up by more than half a degree — is known to dry up monsoon rain every six out of 10 years.
- A positive Indian Ocean Dipole (IOD) is said to buffer the impact of El Nino and contribute to better rains. (The IOD is a swing in surface temperatures that turns the western Indian Ocean alternately warmer and then colder than the eastern part of the ocean.)
New model: dynamical model
- In April, the IMD shifted to using a new monsoon forecast system, called a dynamical model that works by supercomputers simulating the weather and extrapolating it.
Private weather forecaster Skymet:
- Below normal forecast at 95% (with an error margin of +/-5%) of the LPA.
- Rainfall for July stood at 94%, while for August it was 93% of the historical average.
Context: Government bid to roll out the GST regime from July 1
- GST Suvidha Providers (GSPs): who are expected to help taxpayers cope with the transition to the new regime and its compliance paperwork.
- GSPs may only be operationally ready a few months down the line, so it is difficult to meet the target of July 1.
- Convenient methods: Under the GST regime, the GSPs are expected to provide convenient methods to taxpayers to access and upload their documents and returns onto the GST Network (GSTN), the information technology backbone of the new indirect tax regime.
- The Central Drugs Standard Control Organisation (CDSCO) has registered the child-friendly HIV drug in oral pellet form (lopinavir/ritonavir (LPV/r)).
- The pellets, which come in capsules and are dosed by weight, can be sprinkled (but not stirred or crushed) over a small amount of soft food. For infants — who must be able to swallow them — the pellets can be added to a spoonful of breast milk or put on the infant’s tongue.
Paediatric HIV a ‘neglected disease’:
- Lack of child-friendly HIV formulations.
- Large treatment gap between adults and children.
- Oral pellet form is a boon to HIV community since National AIDS Control Programme (NACO), had been struggling to source quality assured paediatric formulations of the drug.
- India ran out of Lopinavir syrup, a child-friendly HIV drug, in March after Cipla — the sole manufacturer of the drug — stopped production consequent to non-payment by the Health Ministry. The drug’s adult version has to be swallowed whole and thus cannot be administered to infants and young children.
C. GS3 Related
- The Central Board of Direct Taxes (CBDT) has come out with a final notification specifying the securities transactions that would attract capital gains tax where the securities transaction tax (STT) hasn’t been paid.
- An amendment has been made in the Finance Act 2017 to curb the declaration of unaccounted income as exempt long-term capital gains under the previous provisions of the Income Tax Act by entering into fake transactions.
- According to the notification, the chargeability to STT provision will not apply to all transactions of acquisitions of equity shares entered into on or after October 1, 2004, except the acquisition of listed shares in a preferential issue of a company whose shares are not frequently traded in a recognised stock exchange, the acquisition of existing listed equity shares in a company not through a recognised stock exchange of India, and the acquisition of shares of a company while it is de-listed.
Nothing here for Today!!!
Scheme in News
|About the Scheme|
Scheme in News
|About the Scheme|
Mission Organic Value Chain Development For North Eastern Region
A Sub-Mission under National Mission for Sustainable Agriculture (NMSA)
Aim: The scheme aims at development of certified organic
production in a value chain mode to link growers with consumers and to support the development of entire value chain starting from inputs, seeds, certification, to the creation of facilities for collection, aggregation, processing marketing and brand building initiative.
To develop crop commodity specific organic value chain and address gaps in organic crop production, wild crop harvesting, organic livestock management and processing handling and marketing of organic agricultural products through:
To empower producers with program ownership by organizing them into FIGs with the final aim to federate into farmer producer organizations/ companies
To replace conventional farming/subsistence farming system into local resource based, self sustainable, high value commercial organic enterprise
Developing commodity specific commercial organic value chain under integrated and concentrated approach with end-to-end facilities for production, processing, storage and marketing
Development of organic parks/zones with facilities for collection, aggregation, value addition, processing, storage and market-linkages for specific commodities requiring capital intensive technology
Develop NER products as brands/labels through brand building and facilitating stronger marketing access under the ownership of growers‟ organizations/
Creating state specific lead agency (Organic Commodity Board or Organic Mission) for coordinating, monitoring, supporting and financing the development and operationalization of entire value chain.
Question 1: Which state government has recently declared Dailong village as biodiversity heritage site of the state?
- Arunachal Pradesh
Question 2: For removal of a Governor from office, the President seeks advice from _____.
- Council of Ministers
- Supreme Court
- Chief Minister of the concerned state
- None of them
Question 3: If you travel through the Himalayas, you are likely to see which of the following plants naturally growing there?
Select the correct answer using the code given below.
- 1 and 2 only
- 3 only
- 1 and 3 only
- 1, 2 and 3
Question 4: Satipati Sampradaya is a tribal community of ________.
- Himachal Pradesh
Question 5: Lichens, which are capable of initiating ecological succession even on a bare rock, are actually a symbiotic association of ________.
- algae and bacteria
- algae and fungi
- bacteria and fungi
- fungi and mosses
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